Furthermore, On 11 Effectiveness Parameters, Pakistan Was Adjudged As

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Furthermore, on 11 effectiveness parameters, Pakistan was adjudged as Low as 10. The FATF APG meeting was held in Canberra, Australia and the discussions lasted

Written By naveen km | Mumbai | Updated On:

Furthermore, on 11 effectiveness parameters, Pakistan was adjudged as Low as 10. The FATF APG meeting was held in Canberra, Australia and the discussions lasted over seven hours over two days. APG is the regional affiliate of the FATF and its decisions have a large bearing on the organisation’s decisions on Pakistan. Now, Pakistan has to focus on avoiding the Black List in October 2019, when the 15-month timeline ends on FATF's 27-point Action plan. The global watchdog, earlier in June, had asked the Imran Khan government to curb terror financing by October or face actions. Pakistan was asked to take action against UN-designated terrorists including Hafiz Saeed and Masood Azhar, who are operating on its soil. 

READ | Pakistan exposed: US calls out terror crackdown bluff, tells Pak to expand FATF safeguards to 'informal sectors'

What happens if Pakistan stays on greylist or is blacklisted

In a major blow to Imran Khan, if Pakistan will stay on the greylist, or is blacklisted, it will be facing a financial downgrade and restrictions on its markets. It will also have a tough time managing capital inflows from IMF (International Monetary Fund) and other agencies, as well as servicing its debt that adds up to about 25% of the government’s revenues at present. Imran Kahn-led Pakistan was earlier placed in grey-list by the FATF after mounting pressure from the US, France, Germany, UK over its lack of action against terror-funding

Furthermore, on 11 effectiveness parameters, Pakistan was adjudged as Low as 10. The FATF APG meeting was held in Canberra, Australia and the discussions lasted over seven hours over two days. APG is the regional affiliate of the FATF and its decisions have a large bearing on the organisation’s decisions on Pakistan. Now, Pakistan has to focus on avoiding the Black List in October 2019, when the 15-month timeline ends on FATF's 27-point Action plan. The global watchdog, earlier in June, had asked the Imran Khan government to curb terror financing by October or face actions. Pakistan was asked to take action against UN-designated terrorists including Hafiz Saeed and Masood Azhar, who are operating on its soil. 

READ | Pakistan exposed: US calls out terror crackdown bluff, tells Pak to expand FATF safeguards to 'informal sectors'

What happens if Pakistan stays on greylist or is blacklisted

In a major blow to Imran Khan, if Pakistan will stay on the greylist, or is blacklisted, it will be facing a financial downgrade and restrictions on its markets. It will also have a tough time managing capital inflows from IMF (International Monetary Fund) and other agencies, as well as servicing its debt that adds up to about 25% of the government’s revenues at present. Imran Kahn-led Pakistan was earlier placed in grey-list by the FATF after mounting pressure from the US, France, Germany, UK over its lack of action against terror-funding

 

 

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